New Mexico Coalition to End Homelessness

Analysis

New Mexico Coalition to End Homelessness is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New Mexico Coalition to End Homelessness reported income of $4.4m and spending of $4.2m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $4.4m (+247%), an average of +36% a year. The sharpest change came in the year to September 2021, when income rose by 142%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Mexico Coalition to End Homelessness sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include Devon Oaks Assisted Living Corporation ($4.4m), Josephs House and Shelter Inc ($4.4m) and Christ House ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $55k (1.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.3m against liabilities of $548k, net assets of $800k. It reported 74 employees.